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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: heronwater who wrote (3398)	11/17/2000 6:10:01 PM
From: Tom Hua	Respond to of 19633

The only concern was finding the shares to short it today. Some times luck is on your side :-) heronwater, I couldn't find a single share to short, but in reality there're infinte # of equivalent shares to short anytime. I sold deep in the money Dec calls. Absolutely no difference than shorting the common. In fact, selling calls has slight advantage, you get a little time premium. And the beauty is when I close out the position I can avoid paying any time premium or options spread. Regards, Tom